Ad-Sol NissinTSE:3837 -0.23%97 ROE % is 20.80% as of Mar. 2026, which is 19% above its 10-year median of 17.51. GuruFocus rates TSE:3837 with a GF Score™ of 97/100 and a GF Value™ of 円1,265.53 (Fairly Valued). Among 2,678 Software companies, Ad-Sol Nissin ranks better than 82.97% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Ad-Sol Nissin's annualized net income for the quarter that ended in Mar. 2026 was 円1,521 Mil. Ad-Sol Nissin's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was 円7,311 Mil. Therefore, Ad-Sol Nissin's annualized ROE % for the quarter that ended in Mar. 2026 was 20.80%.
The historical rank and industry rank for Ad-Sol Nissin's ROE % or its related term are showing as below:
TSE:3837'
s ROE % Range Over the Past 10 Years
Min: 13.31 Med: 17.51 Max: 21.55
Current: 20.89
During the past 13 years, Ad-Sol Nissin's highest ROE % was 21.55%. The lowest was 13.31%. And the median was 17.51%.
TSE:3837's ROE % is ranked better than 82.97% of 2678
companies
in the Software industry
Industry Median: 4.685
vs TSE:3837: 20.89
Ad-Sol Nissin (TSE:3837) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Ad-Sol Nissin ROE % Related Terms
Ad-Sol Nissin ROE % Historical Data
* Premium members only.
The historical data trend for Ad-Sol Nissin's ROE % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Information Technology Services subindustry, Ad-Sol Nissin's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ad-Sol Nissin ROE % vs Software Industry
For the Software industry and Technology sector, Ad-Sol Nissin's ROE % distribution charts can be found below:
* The bar in red indicates where Ad-Sol Nissin's ROE % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Ad-Sol Nissin (TSE:3837) has a ROE % of 20.80% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Ad-Sol Nissin and its competitors. This is 19% above median its historical median of 17.51. Over the past decade, Ad-Sol Nissin's ROE % has ranged from 13.31 to 21.55. According to the industry distribution chart, Ad-Sol Nissin ranks #456 out of 2678 companies in the Software industry, placing it in the top 17%.
Is Ad-Sol Nissin's ROE % too high?
Ad-Sol Nissin's current ROE % of 20.80% is 19% above median its 10-year median of 17.51. Over the past 10 years, this metric has ranged from a low of 13.31 to a high of 21.55. The Software industry median ROE % is 4.69. Ad-Sol Nissin's value of 20.80% is 344% above this industry median. Based on the distribution chart, Ad-Sol Nissin ranks #456 out of 2678 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Ad-Sol Nissin has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ad-Sol Nissin's ROE % compare to IBM and ACN?
According to the Software industry distribution chart, Ad-Sol Nissin ranks #456 out of 2678 companies for ROE %. This places Ad-Sol Nissin in the top 17% of its industry — outperforming the majority of peers. The industry median ROE % is 4.69. Ad-Sol Nissin's value of 20.80% is 344% above this benchmark. Historically, Ad-Sol Nissin's own ROE % has ranged from 13.31 to 21.55 over the past decade. While the company's 10-year median is 17.51 vs. the industry median of 4.69, Ad-Sol Nissin has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Software company?
The median ROE % among Software companies is 4.69, based on 2,678 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ad-Sol Nissin's current ROE % of 20.80% is 344% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Ad-Sol Nissin and its competitors. For the Software industry, the median ROE % is 4.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ad-Sol Nissin's current ROE % is 20.80%, which is 19% above median its own 10-year median of 17.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ad-Sol Nissin stock overvalued right now?
Based on GuruFocus' analysis, Ad-Sol Nissin (TSE:3837) is currently considered Fairly Valued. The stock's GF Value™ is 円1,265.53, compared to a current price of 円1,307.00 — trading 3.3% above its estimated fair value. The current ROE % is 20.80%, which is 19% above median its 10-year median of 17.51 and 344% above the Software industry median of 4.69. Ad-Sol Nissin's overall GF Score™ is 97/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Ad-Sol Nissin (TSE:3837), the current ROE % is 20.80% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Ad-Sol Nissin (TSE:3837) Overvalued in 2026?
Based on GuruFocus' analysis, Ad-Sol Nissin stock appears to be overvalued.
The current stock price of 円1,307.00 is trading 3.3% above its estimated GF Value™ of 円1,265.53.
GuruFocus considers Ad-Sol Nissin to be Fairly Valued.
Key valuation signals for TSE:3837:
ROE %: 20.80% (19% above median its 10-year median of 17.51)
GF Value™: 円1,265.53 vs. price of 円1,307.00 (3.3% above fair value)
Industry Position: 344% above the Software median (#456 of 2678)
No single metric tells the full story. See the TSE:3837 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ad-Sol Nissin Corp develops information systems for enterprises. The company's segments include: Social Infrastructure Business, Advanced Industry Business. The Social Infrastructure Business develops system integration services in social infrastructures such as energy, road, aerospace, and others. Advanced Industry Business promotes Next Generation EV Vehicle, Industrial Equipment, and others.
97GF Score
Get the complete analysis for TSE:3837
ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:3837 has been successfully added to your 
